A Texas lawmaker wants to end the state’s nation-leading, $3 billion hemp-derived THC market while also expanding its notoriously restrictive medical marijuana program that bans all but extremely low THC products. Texas senator pitches medical marijuana program expansion, hemp THC ban is a post from: MJBizDaily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Canadian cannabis producer Organigram Holdings closed on the final of three tranches of an overall investment of 124.6 million Canadian dollars (roughly $87 million) from a wholly owned subsidiary of British American Tobacco. Cannabis producer Organigram closes final tranche of CA$124.6M funding is a post from: MJBizDaily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Sales in the largest regulated cannabis market have been trending downward since 2021. The post California’s fourth-quarter cannabis sales hit lowest point since 2020 appeared first on Green Market Report.

The company has begun testing its LSD-based anxiety treatment in late-stage trials as it builds toward potential FDA approval. The post MindMed posts strong cash position, progress on LSD treatment appeared first on Green Market Report.

AYR went deeper into the red while leadership restructures and hunts for a permanent CEO. The post AYR Wellness takes $94M hit on Florida as losses widen to $362M appeared first on Green Market Report.

Turning Point Brands is expecting fast growth for its nicotine pouch products. The post Turning Point revenues rise as Zig-Zag dominates top line sales appeared first on Green Market Report.